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Motus lifts dividend to ZAR 7.10 as profit climbs

Jane Quinn Financial markets and personal finance editor FinancialSumo

Post by Jane Quinn

Motus lifts dividend to ZAR 7.10 as profit climbs FinancialSumo © financialsumo.com
Motus lifts dividend to ZAR 7.10 as profit climbs © financialsumo.com

Motus raised its fiscal 2026 dividend 29% to ZAR 7.10 as pretax profit reached ZAR 4,005 million. The final ZAR 4.10 payment has a September 29, 2026, cum-dividend deadline.

Motus reported revenue of ZAR 113,550 million for the year ended June 30, 2026. The JSE-listed company, identified by the ticker MTH.JO, reported that figure in a JSE trading profile.

Revenue grew just 1%. Profit before tax, by comparison, rose 20% to ZAR 4,005 million. The total fiscal 2026 dividend increased 29% to ZAR 7.10 per share.

The final installment is ZAR 4.10 per share. September 29, 2026, is the last cum-dividend trading day. Motus shares trade ex-dividend from September 30, and payment is scheduled for October 5, according to EasyEquities. The final installment equals 40% of headline earnings per share, up from 35% a year earlier.

An independent market review puts Motus's payout ratio at about 41%.

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The deadline is close. Investors will also want to look at what drove the higher payout.

Operating profit rose 4% to ZAR 5,714 million. Attributable profit climbed 19% to ZAR 2,984 million, while earnings per share grew 19% to 1,753 cents. Cash generated from operations increased 6% to ZAR 7,990 million. Earnings grew faster than sales, but revenue growth remained modest. Independent checks available for this report do not fully corroborate the FY2026 revenue, pretax profit, EPS and operating-profit figures. Investors should check them against Motus's official report or SENS disclosure.

Motus operates across South Africa, the United Kingdom, Australia and Asia, with activities spanning new-vehicle sales, distribution, rental and aftermarket services.

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Motus's results differ from the pressure described in Altria's dividend report. Altria raised its payout as earnings missed Wall Street targets. Motus reported higher profit and cash generation alongside its increase. That is a stronger earnings backdrop, but one year of results cannot show whether the payout will keep rising.

The group works across vehicle import and distribution, retail and rental, mobility solutions, and aftermarket parts. South African operations supplied 60% of revenue and 68% of operating profit in fiscal 2026. They helped offset weaker contributions from selected international operations. The business relies heavily on its South African market.

At 2:53 p.m. SAST on September 29, 2026, Motus was quoted at ZAc 11,212.00 on the JSE. Its market capitalization that day was ZAR 19.6 billion. These are rand-denominated figures, not U.S. dollar returns. U.S. investors buying a JSE-listed share also face currency movements, as well as the company's operating and share-price risks.

A dividend is cash paid per share. Total return also depends on the share price and, for a U.S. investor, the exchange rate between the rand and the dollar. The ex-dividend date is when new buyers are no longer entitled to the declared payment. The date does not make the distribution a separate gain without other market effects. Motus's higher payout has support from stronger earnings and operating cash. Revenue growth remains thin, and South African operations account for most of the reported results. The payout is credible on these results, but it cannot replace sustained growth across the business.

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